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    DOO   CA05577W2004

BRP INC.

(DOO)
  Report
Delayed Toronto Stock Exchange  -  03:15 2022-09-26 pm EDT
85.20 CAD   -0.59%
09/23UBS Reiterates Buy Rating on BRP, Cuts Target to $173
MT
09/20Brp introduces uncharted society in canada
AQ
09/15UBS Reviews BRP -- Maintains $191 Target and Buy Rating
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

BRP operations to remain frozen until next week after cyberattack shutdown

08/11/2022 | 05:00pm EDT

VALCOURT, Que. — Work at BRP Inc. factories will likely stay at a standstill until next week after a cyberattack that the Sea-Doo maker reported Monday.

"Our teams continue working around the clock to resolve the situation and have made progress restoring some of our servers," spokeswoman Biliana Necheva said in a release Wednesday afternoon

However, operations had not resumed more than 48 hours after they were halted as a cautionary measure, she said in an email earlier in the day.

The Quebec-based company, which also manufactures Ski-Doos and off-road vehicles, announced Monday morning it was the target of "malicious cybersecurity activity" and took "immediate measures to contain the situation."

Deploying its own information technology staff, BRP also said it hired cybersecurity experts to help secure its systems and support an internal investigation.

"At this time, we are targeting to resume our Valcourt manufacturing operations on Monday, Aug.15," Necheva said, referring to BRP's flagship factory site.

"The rest of our operations remain suspended temporarily, which may delay certain transactions with customers and suppliers."

The freeze comes at a tough time for BRP, as supply chain woes weighed on sales in its first quarter, with more input obstacles expected on the powersport vehicle maker's path for the rest of the year.

Spun off from Bombardier Inc. in 2003, BRP employs nearly 20,000 workers, mainly at manufacturing and distribution sites in Mexico, Canada, Austria, the United States, Finland and Australia. Its products are sold in more than 120 countries.

This report by The Canadian Press was first published Aug. 11, 2022.

Companies in this story: (TSX:BRP, TSX:BBD.B)

© 2022 The Canadian Press. All rights reserved., source Canadian Press DataFile

All news about BRP INC.
09/23UBS Reiterates Buy Rating on BRP, Cuts Target to $173
MT
09/20Brp introduces uncharted society in canada
AQ
09/15UBS Reviews BRP -- Maintains $191 Target and Buy Rating
MT
09/15BRP Buy Rating Reiterated at Stifel GMP Following FQ2 Results; Price Target Kept at C$1..
MT
09/15Scotiabank Adjusts BRP Price Target to CA$127 From CA$126, Maintains Sector Outperform ..
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09/15BNP Paribas Exane Adjusts BRP Price Target to CA$123 From CA$152, Maintains Outperform ..
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09/15BRP Price Targets Raised Following Q2 Results
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09/14Most actively traded companies on the Toronto Stock Exchange
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09/14Sector Update: Consumer Discretionary Stocks Hanging on for Modest Gains
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09/14National Bank on BRP'S Q2 Results
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More news
Analyst Recommendations on BRP INC.
More recommendations
Financials
Sales 2023 9 785 M 7 140 M 7 140 M
Net income 2023 920 M 671 M 671 M
Net Debt 2023 1 800 M 1 313 M 1 313 M
P/E ratio 2023 7,55x
Yield 2023 0,75%
Capitalization 6 747 M 4 923 M 4 923 M
EV / Sales 2023 0,87x
EV / Sales 2024 0,75x
Nbr of Employees 20 000
Free-Float 44,9%
Chart BRP INC.
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Technical analysis trends BRP INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 85,70 CAD
Average target price 132,81 CAD
Spread / Average Target 55,0%
EPS Revisions
Managers and Directors
José Boisjoli Chairman, President & Chief Executive Officer
Sébastien Martel Chief Financial Officer
Thomas Uhr Chief Technology Officer
Edward M. Philip Independent Non-Executive Director
Estelle Métayer Independent Non-Executive Director
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